Officer or Director of Real Estate Corporation

Q: I’m a sales associate and I want to open a real estate corporation. May I be an officer or director of this real estate corporation?
 

A: A sales associate may be a shareholder of a real estate corporation; however, he or she may not be an officer or director of that corporation as per Chapter 61J2-5.016, Florida Administrative Code. Furthermore, the corporation must have a qualifying broker registered with the Department of Business and Professional Regulation. The qualifying broker of the corporation must be an officer or director of the real estate corporation.